Riverwoods Group
- Assets
- $24.9m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 64
- Location
- Exeter, NH
- Founding
- 03/2012
- Data as of
- 06/2024
- EIN
- 45-1450956
Organization Overview
Riverwoods Group is located in Exeter, NH. The organization was established in 2012. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 06/2024, Riverwoods Group employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverwoods Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Riverwoods Group generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 36.5% each year . All expenses for the organization totaled $9.3m during the year ending 06/2024. While expenses have increased by 42.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PLAN, COORDINATE, IMPLEMENT AND FURTHER THE MISSIONS OF THE RIVERWOODS GROUP SYSTEM ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT RWE: THIS PROGRAM CURRENTLY INCLUDES TWO PRIMARY FUNCTIONS:(1) TO CENTRALIZE THE ADMINISTRATIVE AND MANAGEMENT FUNCTIONS FOR THE THREE COMMUNITIES(2) TO EXPLORE OPPORTUNITIES FOR EXPANSION, AND PLAN FOR AND IMPLEMENT AN INTEGRATED SYSTEM OF NON-PROFIT, CHARITABLE CONTINUING CARE RETIREMENT COMMUNITIES
SUPPORT RWD: THIS PROGRAM CURRENTLY INCLUDES TWO PRIMARY FUNCTIONS:(1) TO CENTRALIZE THE ADMINISTRATIVE AND MANAGEMENT FUNCTIONS FOR THE CAMPUS(2) TO EXPLORE OPPORTUNITIES FOR EXPANSION, AND PLAN FOR AND IMPLEMENT AN INTEGRATED SYSTEM OF NON-PROFIT, CHARITABLE CONTINUING CARE RETIREMENT COMMUNITIES
SUPPORT RWM: THIS PROGRAM CURRENTLY INCLUDES TWO PRIMARY FUNCTIONS:(1) TO CENTRALIZE THE ADMINISTRATIVE AND MANAGEMENT FUNCTIONS FOR THE CAMPUS(2) TO EXPLORE OPPORTUNITIES FOR EXPANSION, AND PLAN FOR AND IMPLEMENT AN INTEGRATED SYSTEM OF NON-PROFIT, CHARITABLE CONTINUING CARE RETIREMENT COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justine Vogel CEO | OfficerTrustee | 37.6 | $504,915 |
Kevin Goyette CFO | Officer | 40 | $349,077 |
David Lafferty Cio | 40 | $260,181 | |
Kimberly Gaskell VP Of Operations | 15 | $260,341 | |
Cathleen Toomey VP Marketing | 40 | $251,888 | |
Cynthia Martin VP Of Quality | 40 | $244,969 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clifton Larson Allen Llp Audit, Tax And Software Development Serv | 6/29/24 | $382,809 |
Greystone Development Company Llc Business Development Services | 6/29/24 | $312,624 |
Cherry Bekaert Llp Professional Services | 6/29/24 | $322,245 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,396 |
| Total Program Service Revenue | $7,895,092 |
| Investment income | $718,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $244,670 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,865,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $957,656 |
| Compensation of current officers, directors, key employees. | $957,656 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,565,546 |
| Pension plan accruals and contributions | $139,331 |
| Other employee benefits | $460,650 |
| Payroll taxes | $448,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,348 |
| Fees for services: Accounting | $17,997 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,157 |
| Fees for services: Other | $176,142 |
| Advertising and promotion | $263,909 |
| Office expenses | $70,793 |
| Information technology | $294,068 |
| Royalties | $0 |
| Occupancy | $112,434 |
| Travel | $181,969 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,321 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $167,421 |
| Insurance | $3,782 |
| All other expenses | $3,691 |
| Total functional expenses | $9,271,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,655 |
| Savings and temporary cash investments | $2,765,297 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,359 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $246,224 |
| Prepaid expenses and deferred charges | $98,470 |
| Net Land, buildings, and equipment | $699,840 |
| Investments—publicly traded securities | $15,731,837 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,280,435 |
| Total assets | $24,855,117 |
| Accounts payable and accrued expenses | $1,780,175 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,742,830 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,332 |
| Total liabilities | $3,529,337 |
| Net assets without donor restrictions | $21,325,780 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,855,117 |